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Lake Mary, FL Real Estate News

By Walter DiLoreto, Real Estate Short Sale Specialist
(PHP Houses)
If you’re thinking about buying a home, chances are you’ve got mortgage rates on your mind. You’ve heard about how they impact how much you can afford in your monthly mortgage payment, and you want to make sure you’re factoring that in as you plan your move.The problem is, with all the headlines in the news about rates lately, it can be a bit overwhelming to sort through. Here’s a quick rundown of what you really need to know.The Latest on Mortgage RatesRates have been volatile – that means they’re bouncing around a bit. And, you may be wondering, why? The answer is complicated because rates are affected by so many factors.Things like what’s happening in the broader economy and the job market, the current inflation rate, decisions made by the Federal Reserve, and a whole lot more have a...
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
A high-density development in Lake Mary got approval from the County Commission on Tuesday, but only after developer Bob Horian agreed to significantly reduce building height. The development is on Sun Drive near Greenwood Lakes Boulevard. Horian asked to modify an original development agreement from several years ago that would let him build condos on land previously approved for offices and town homes. Horian had proposed a 75-foot condo building on one tract. Commissioner Carlton Henley, whose district includes the Sun Drive development, balked at the height. Now the building height limit is just a little more than 55 feet. Horian said he needed to adjust the project, particularly because town homes are not selling well. Nothing's selling particularly well in this real-estate market,...
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
Lake Mary is one of Central Florida's hottest growth areas, thanks in large part to the persistence of Jeno Paulucci, a self-made millionaire who made his fortunes selling frozen Chinese food and then frozen pizza.The city today sits at the epicenter of Florida's Hightech Corridor, which follows I-4 from Tampa through to Daytona Beach. Along the route, government and industry have joined forces to attract leading-edge companies in such fields as telecommunications, medical technology and microelectronics.  Lake Mary started as an isolated railroad station known as Bents which closed in 1910. Lake Mary is home to top rated schools, miles of bike paths and bustling shops, restaurants and movie theaters.Prices of real estate in this area range from:$89,000 - $7,500,000    For information o...
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Rare Historic 1925 Updated Crystal LakeFront Home-Just beautiful!MUST SEE!! IMMACULATE CONDITION-JUST MOVE IN! Realtors call this house "Beautiful", "Nicest I have seen in area", "Charming". This house sells itself!Immediate Occupancy! Owner can be out in two weeks tops.4/3 2180 Sq Feet under air. Just reduced below new appraisal of $380K to $375K! Make an offer-owner highly motivated! No reasonable offer will be refused!!Lake Mary just voted #4 place to live in US! Great vacation home-20 minutes from Disney/Universal Orlando and all airports. Original 1925 home section has been completely restored from sub-floors up! This is the only historic original home for sale in Lake Mary. New 2-story lake view addition built in completed in Jan 07. Features include all new: Polarwall insulated s...
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
Most of you that already live in the Lake Mary area have watched the construction along Markham Woods rd near the corner of Lake Mary Blvd. Some of us have even pulled over in awe of these Luxurious homes. Well your chance will soon be here to tour these homes or better yet if you are looking to purchase these homes are available and I can help you will additional information on each home available.These homes feature amenties such as bowling alleys, resort style lagoon pools, butlers kitchens and luxury master suites. There will be 3 homes featured. Homes range from 10,000 to 17,000 sq ft and are priced up to $8.5 Million. Lake Club is a private enclave or large estate lots located across from Alaqua Lakes.  The 2008 street of dreams will take place April 26th-June 8th. Tickets will be...
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
On January 24, 2008 the city of Lake Mary had a grand opening of the all new Lake Mary Event Center. The event center is the center jewel in the all new downtown redevelopment. The center is an ideal location for business meetings, weddings, banquets and parties. The center is over 19,000 square feet and has stunning views of Crystal Lake. In addition to the large square footage of this facility there is an event lawn and ceremony site with abundant landscaping making it perfect for any outdoor functions. They also have catering services available. If you are interested in having a guided tour of the facility go to www.lakemaryeventscenter.com. I must say this is one of the most beautiful buildings and locations I have seen and it's in our own backyard here in Lake Mary, FL. Here is jus...
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
So you are a first time home buyer in the Central Florida market. Your family is telling you you should stop renting and buy a home. Your friends and the media are telling oh no it's doom and gloom the market is still falling don't get taken like we did. Hmm well if you follow your friends you would wait til the market goes up and pay too much for your home, not the best advice is it? Of course the media is saying the same thing, but think about it the media sides on the side of sellers. A few years ago the market was amazing, but was it really for you as a buyer. Escalator causes, low inventory, houses selling in hours, was it such a great market?  So listen to your family who has probably seen many markets, bought a sold a few homes and well knows what they are talking about. Interest...
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
Most buyers in todays market have no urgency to buy. Most are sitting around seeing what the market will do and spending another month on rent and making someone else rich. To help them with their lack of enthusiam it's important to educate buyers. I feel most buyers feel educated because they listen to the media so they know whats going on. Well talk the people who bought their houses in 2006 because the media told them if you dont do it now you might not be able to afford a home ever. Ask them if they will listen to the media again.Rates are at historic lows. I know we have all heard this a hundred times over, but here are the actual numbers associated with waiting and getting a higher interest rate.On a $200,000 loan that increased from 6% to a 7% interest rate would cost the buyer a...
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By Marc Grossman, GRI, Greater Orlando Real Estate Broker
(Marc It Sold!)
Yes, Lake Mary Homes for Sale - Now is the time to buy!  You may read this and say to yourself, "What is this guy on drugs?"  No and hardly are the answers.  But let's look at the facts and take a couple of things into consideration.  If you have decent credit and have some available cash for a down payment, then you will most likely be able to get a loan at a decent interest rate.  You think I must be joking, but that's because you've been reading and hearing and have now succumbed to believing all of the doom and gloom about the mortgage and real estate markets.  Truth be told, now is an excellent time to purchase a home.  With the availability of so many homes on the market in varying sizes, shapes, location and condition - the choices are abundant.  OK, so you are still a little ske...
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By Christopher Myers, Greater Orlando and Central Florida Real Estate
(Orlando Property Group)
  Lake Mary Florida in Seminole County, Central Florida, Near Orlando by: Christopher  Lake Mary & Orlando Florida Real Estate - Homes, Townhomes & Condos   Situated between Sanford, Longwood and Casselberry in Seminole County, Lake Mary is one of the fastest growing cities in Central Florida and is a very aesthetic, upscale area just north of Orlando. Ranked #1 in the south and #4 in the U.S., Lake Mary, Florida also continues to cultivate strong community bonds and is committed to maintaining its high quality of living. If you plan to relocate to the Orlando area, Lake Mary is perfect choice! Within close proximity to Interstate 4 and the blooming technology center of Heathrow, Lake Mary provides attractive, high-end neighborhoods and acclaimed golf communities, big businesses, superi...
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
If you are in Lake Mary, FL tomorrow dont forget to check out the Lake Mary Farmers Market. But Santa is coming to visit Lake Mary neighborhoods. They pass out treats of candy as they pass, much to the delight of the children who line the route. Here is a run down of the neighborhoods Santa will be visiting tomorrow. As a reminder, here are the stops for tomorrow, both morning and afternoon. December 15 - Morning Schedule (9:00 AM) Ridge Road, Channel Dr, W. Frederick, E Floyd, Abbott, Byron, First, Alma, Grandbend, Lake Mary Ave, Wilbur, W Crystal Lake, Lakeview, Seminole Ave, S. Fifth St, Washington, S. Fourth, Van Buren, S. Third, High St, Greenleaf, Lake St, Palmetto.MISTY OAKS: Oak Leaf Cr. SUN: Sun Oaks Ct.CRYSTAL LAKE ESTATES: Estates Cr. December 15 - Afternoon Schedule (1:00 PM...
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By Christopher Myers, Greater Orlando and Central Florida Real Estate
(Orlando Property Group)
Lake Mary Real Estate - Homes, Townhomes & Condos  Lake Mary Florida Real Estate Market Update - November, 2007Although we're bombarded daily with news reports about how lousy the Lake Mary real estate market is currently, when you compare us to the many parts of the country, we actually have it pretty good!  The fact is that homes are still selling.  Now you're saying, common, give it to me straight.  Ok...Yes, the Lake Mary and Orlando market as a whole has slowed, and yes, prices have taken a dip, so here are the facts for you. Average Days on Market (DOM):  115This is UP from 74 DOM in November 2006Sales Closed:  963This is DOWN 47% from 1840 in November 2006Current Listing Inventory:  26,172This is UP from 21,122 in November 2006So what does this mean if you're trying to sell your ...
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
Seminole County is the smallest county in the State of Florida yet one of the wealthiest per capita. Seminole County is 298 SQ Miles. Between 2000-2006 the population has expanded by 11.4%. Most people travel approximately 27 minutes to work and the median household income is $50,842. Seminole County is comprised of Sanford, Lake Mary, Longwood, Altamonte Springs, Winter Springs, Oviedo and Casselberry.My home for the past 17+ years has been the wonderful town of Lake Mary. The past 10 years have been a rapid and huge expansion for this city. The city counselors for this area have had great concern as to how their bedroom community was developed and the types of businesses that were allowed into the area. With this concern they have helped keep Lake Mary as one of the most sought after ...
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By Debbie Summers
(Charles Rutenberg Realty )
Real Estate Market Report/Conditions in Lake Mary, FL as of 12/06/2007. The following is a quick analysis of the re-sale market in Lake Mary within Seminole County, Florida for October 2007, provided by Debbie Summers of RE/MAX Central Realty, in Lake Mary, FL (sales information compiled from the Mid Florida Regional Multiple Listing Service)Homes on the market as of 12/06/07: 524 Homes on the market as of 10/31/07: 522 Homes sold in November 2007: 32 Homes currently under contract: 47 Homes Sold in October 2007: 31 Homes Sold in September 2007: 41 Properties closed in November 2006: 54 Properties closed in November 2005: 64For additional information and resources concerning real estate and living in Seminole County, Florida, please visit my website, http://www.casanddebbie.com/ .   
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By Debbie Summers
(Charles Rutenberg Realty )
    CITY OF LAKE MARY PRESENTS - HOLIDAY IN THE PARK    Friday, December 7, 2007 from 6:00 - 8:00 pm     ~ Bob Glickman Music & Entertainment     ~ Face Painting     ~ Ornament Sale          ~ Cookies and Punch served to those who bring can goods or unwrapped toy.     6:45 ~ The mayor will be announcing the official lighting of the Christmas Tree.     7:00 ~ Santa & Mrs. Claus arrive by Fire TruckPlease click here for a map and directions HAPPY HOLIDAYS! 
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By Heather the Realtor Orlando, Lake Mary, First Time Home Buyers, Bank Owned Homes
(LemonTree Realty)
Everyone has that moment when the whole process of selling seems overwhelming. And that’s when you lie awake at night and the fears replay themselves in your head. But there’s help from the Fearbusters! Here’s a list of common fears of the seller, and solutions.Fear: I'll sell my house for too little because I priced it too low.Fearbuster: You can price your house fairly, but having an expert Realtor helping educate you in the process is the best idea. Obtain three Comparative Market Analyses from agents.Fear: There are so many real estate agents out there, and they all claim to be super salespeople! What if the agent I decide to list my home with turns out to be a slick wheeler-dealer who’s all talk and no action?Fearbuster: Counter with your own two-step plan of talk and action: Get o...
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By Debbie Summers
(Charles Rutenberg Realty )
          The following is a quick analysis of the re-sale market of Timacuan in Lake Mary (Seminole County), Florida for October 2007, provided by Debbie Summers of RE/MAX Central Realty, in Lake Mary, FL (sales information compiled from the Mid Florida Regional Multiple Listing Service)Properties currently active on the market: 26 Properties closed in October 2007: 3Ratio of homes that are selling:  10% (Double the county average)Sales pending: 2Current Market Conditions:  Seminole County continues to have an elevated market supply of homes. Seminole County is a great place to live and the quality of homes for sale is outstanding.  Please contact me for additional information about Timacuan or other neighborhoods in Seminole County. Properties closed in September 2007: 1 Properties cl...
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By Debbie Summers
(Charles Rutenberg Realty )
The following is a quick analysis of the re-sale market of Magnolia Plantation in Lake Mary (Seminole County), Florida for October 2007, provided by Debbie Summers of RE/MAX Central Realty, in Lake Mary, FL (sales information compiled from the Mid Florida Regional Multiple Listing Service)Properties currently active on the market: 23Properties closed in October 2007:  NoneRatio of homes that are selling: 0%Sales pending: 2Current Market Conditions:  Seminole County continues to have an elevated market supply of homes.  The historical data indicates that the market is still on a decline.Properties closed in September 2007: 3Properties closed in October 2006: 4Properties closed in October 2005: 3Magnolia Plantation is a luxurious Golf Course Community with homes ranging from the high 400'...
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By Debbie Summers
(Charles Rutenberg Realty )
Real Estate Market Report/Conditions in Lake Mary, FL as of 11/01/2007. The following is a quick analysis of the re-sale market in Lake Mary within Seminole County, Florida for October 2007, provided by Debbie Summers of RE/MAX Central Realty, in Lake Mary, FL (sales information compiled from the Mid Florida Regional Multiple Listing Service)Properties currently active on the market: 522 Properties closed in October 2007: 31 Ratio of inventory homes that are selling:  8%Sales pending: 44 Properties closed in September 2007: 41Properties closed in October 2006: 44Properties closed in October 2005: 69For additional information and resources concerning real estate and living in Seminole County, Florida, please visit my website, http://www.casanddebbie.com . 
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By Debbie Summers
(Charles Rutenberg Realty )
The City of Lake Mary is set to debut their deeply anticipated Farmer's Market on Saturday, November 10th.  I've attended the highly regarded Winter Park Farmer's Market for years and I am really looking forward to this new venue.  I've always found the "freshest" fruits and vegetables are those that come from local growers. There is nothing better than a fresh picked tomato sliced up with a dash of salt and pepper. The Farmers Market will be located at Lake Mary City Hall on Lake Mary Blvd., please click here for directions.
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By Christopher Myers, Greater Orlando and Central Florida Real Estate
(Orlando Property Group)
How can a real estate agent help a first time buyer?If you are a first time buyer, an experienced real estate agent can guide you through the process of buying a home, and make it all much easier. The Realtor will consult with you about the different types of mortgages, help you find a reputable lender, and advise you about how you can structure the deal, so you can save money.  Your real estate agent will help you to determine the price range that you can afford, and to get valuable information about the neighborhood you are considering.To buy a home, you need to understand the home buying process, the market and more. Knowledge and experience can save you time, money, aggrivation and worse, and that's why it pays to hire a real estate professional. Buying, of course, involves much mor...
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